AI computing power + advanced storage drive double growth, Semiconductor Equipment ETF (561980) rises over 2%, institutions: advanced process expansion will open up huge opportunities for domestic equipment

On March 30, the Semiconductor Equipment ETF (561980) continued to rise steadily in the afternoon. As of the time of this release, it was up 2.20%. Among constituent stocks, Jin Hai Tong rose 10% to hit the daily limit; Fu Chuang Precision rose more than 7%. Hua Feng Measurement & Control, Hua Hai Qing Ke, and other stocks led the gains, while leading decliners included Hygon Information, SMIC, and Cambricon.

On the news front, the 15th Five-Year Plan Outline, which was recently officially released, raises the semiconductor materials industry to an unprecedented strategic height. In particular, semiconductor key materials have been clearly listed as a core tackling track. As the foundation and cornerstone of the semiconductor industry, semiconductor materials are entering a new round of growth cycle, and domestic companies in China are also迎来 the golden window period for domestic substitution.

From the perspective of the market landscape, after undergoing cyclical adjustments, the global semiconductor materials market is starting to regain growth. Institutional forecasts suggest that by 2030, the global market size is expected to approach $100 billion. The China market will become the main growth engine, with an expected CAGR of more than 10%. This growth is mainly driven by the expansion of downstream wafer manufacturing capacity, the urgent demand from chip technology iterations for new materials, and strong support from domestic substitution policies.

CITIC Securities proposed that SEMICON CHINA 2026 demonstrates three major trends in China’s semiconductor industry: from breakthroughs in single segments to the rise of the entire industrial chain; from mature process nodes to breakthroughs in advanced process nodes; and from expansion in the domestic market to outreach to the global market. With gradual breakthroughs across all links of domestically produced semiconductor equipment, components, and materials, advanced process products are rolling out in batches, overseas dependency continues to decline, and local enterprises have become the core driving force for industrial growth.

It is also expected that, in the future, China’s leading wafer fabs will continue to expand capacity, and construction of advanced process production lines will be accelerated, which will provide a huge market space for domestically produced equipment and materials, further advancing the domestic substitution process. In the long run, driven by demand for AI computing power, advanced storage, and new energy, China’s semiconductor industry is expected to remain highly favorable. Domestic substitution is a relatively certain main storyline. With technological breakthroughs, cost advantages, and service capabilities, domestic companies are expected to occupy a more important position in the global semiconductor industry landscape and gain long-term growth opportunities.

According to available information, the Semiconductor Equipment ETF (561980) tracks CSI Semiconductor. Among the top ten holdings are companies such as WeMicro, NAURA, SMIC, Hygon Information, and Cambricon—leading enterprises in semiconductor equipment, materials, and integrated circuit design and manufacturing. It is 100% focused on the chip core industrial chain. The top ten holdings are highly concentrated at more than 74%; the “semiconductor equipment” exposure exceeds 60%. It is expected to fully benefit from the wave of domestic substitution.

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